•Wednesday, September 13, 2006
the second national operator may be licensed in january 2007. seven bidders are being evaluated to offer competition to telkom kenya. the operator will be licensed to offer mobile telephony, fixed landline, internet gateway, vsat communications, voip among other telecommunication services in one license. kenya has a 12 million mobile user base compared to 2 million fixed landline users.
telkom kenya is gearing to face stiff competition after liberalisation of the telecoms sector. for example, jambonet, a subsidiary of telecoms is no longer the sole internet gateway as a number of isps have been granted the gateway license. this has brought telkom to its senses. it is also going through a restructuring strategy as sprucing it up for initial ipo at the stock market takes shape. it is now re-focussing its energies to its core business choosing to outsource non-core operations. it has laid a fiber optic cable from nairobi to mombasa and has currently initiated a fiber optic link from nairobi, naivasha, nakuru all the way to western kenya border with uganda. kenya data networks, a merali company has such a link from nairobi to mombasa and within the city center. in august telkom launched a fixed wireless product dubbed satspace to compete with current retail fixed wireless providers flashcom and popote.
the nairobi stock exchange adopted the automated trading system (ats) and all has been picking up well except for wednesday morning, the third day after the transition from the open outcry system, when the sytem could not operate for two hours. this was caused by a failure of the central depository system (cds). the capital markets authority allowed nse to extend trading hours to 3pm instead of the 10am to noon period. the public gallery will be abolished and investors will be relying on the media for insights into the stock exchange.
nation tv launched a business programme ‘money matters’ to be aired every wednesday 8.30 pm coinciding with the ktn’s business weekly programme.
kenya reinsurance (kenya re) is currently evaluating bids for consultancy services in preparation for its privatisation early 2007. the government is expected to offload 40% of its stake in this firm through an ipo at the nairobi stock exchange.
jubilee insurance will complete its cross-listing by listing at the dar es salaam stock exchange by the end of the year. jubilee is already listed at the uganda stock exchange.
kenya airways will start flying to paris, france from october 26 this year. kq will fly three times a week to charles de gaulle airport from nairobi every tuesday, thursday and saturday.
tanzania is the latest darling of the world bank within the east africa. it has been rated as one of the world’s top 10 reforming countries according a world bank study. this happens as uganda’s arv stock worth usd 700,000 expired in government stores.
kenya received a boost this month to its conference tourism initiatives. there is the ongoing international youth employment summit starting 13th to 17th september 2006 and the afrocities – african summit of local government- conference scheduled on 18th – 22nd september 2006 at the kenyatta international conference center.
kengen’s expected profit boom may be reduced significantly following the failure of the company’s expected sale of bulk power to kplc at a higher tariff. The new price of sh 2.36 per unit was to commence in july 2006, when the interim power purchase agreement that provided for sh 1.76 per unit expired.
telkom kenya is gearing to face stiff competition after liberalisation of the telecoms sector. for example, jambonet, a subsidiary of telecoms is no longer the sole internet gateway as a number of isps have been granted the gateway license. this has brought telkom to its senses. it is also going through a restructuring strategy as sprucing it up for initial ipo at the stock market takes shape. it is now re-focussing its energies to its core business choosing to outsource non-core operations. it has laid a fiber optic cable from nairobi to mombasa and has currently initiated a fiber optic link from nairobi, naivasha, nakuru all the way to western kenya border with uganda. kenya data networks, a merali company has such a link from nairobi to mombasa and within the city center. in august telkom launched a fixed wireless product dubbed satspace to compete with current retail fixed wireless providers flashcom and popote.
the nairobi stock exchange adopted the automated trading system (ats) and all has been picking up well except for wednesday morning, the third day after the transition from the open outcry system, when the sytem could not operate for two hours. this was caused by a failure of the central depository system (cds). the capital markets authority allowed nse to extend trading hours to 3pm instead of the 10am to noon period. the public gallery will be abolished and investors will be relying on the media for insights into the stock exchange.
nation tv launched a business programme ‘money matters’ to be aired every wednesday 8.30 pm coinciding with the ktn’s business weekly programme.
kenya reinsurance (kenya re) is currently evaluating bids for consultancy services in preparation for its privatisation early 2007. the government is expected to offload 40% of its stake in this firm through an ipo at the nairobi stock exchange.
jubilee insurance will complete its cross-listing by listing at the dar es salaam stock exchange by the end of the year. jubilee is already listed at the uganda stock exchange.
kenya airways will start flying to paris, france from october 26 this year. kq will fly three times a week to charles de gaulle airport from nairobi every tuesday, thursday and saturday.
tanzania is the latest darling of the world bank within the east africa. it has been rated as one of the world’s top 10 reforming countries according a world bank study. this happens as uganda’s arv stock worth usd 700,000 expired in government stores.
kenya received a boost this month to its conference tourism initiatives. there is the ongoing international youth employment summit starting 13th to 17th september 2006 and the afrocities – african summit of local government- conference scheduled on 18th – 22nd september 2006 at the kenyatta international conference center.
kengen’s expected profit boom may be reduced significantly following the failure of the company’s expected sale of bulk power to kplc at a higher tariff. The new price of sh 2.36 per unit was to commence in july 2006, when the interim power purchase agreement that provided for sh 1.76 per unit expired.
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